ABC Analysis — Advantages
· Chapter
COSTING — Material Cost
18 microlessons in this chapter
Read each in 5 minutes. Each has worked examples + the bare-Act text for reference.
All lessons
1
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2
Bill of Materials (BoM)
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3
Continuous Stock Verification vs Periodic Stock-Taking
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4
FIFO Method of Pricing Material Issues
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5
FSN Inventory Classification
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6
Five Purchasing Questions: What, When, How Much, Where, At What Price
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7
HML Inventory Classification
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8
Inventory Control: Meaning and Basis of Control
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9
Just-In-Time (JIT) Inventory Management
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10
Material Issue Procedure (MRN, Transfer Note, Return)
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11
Material Requisition Note (MRN) and BoM vs MRN
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12
Objectives and Requirements of a Material Control System
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13
Physical Control of Inventory (Two-Bin, Inventory Budgeting, Perpetual Inventory)
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14
Purchase Requisition
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15
Selection of Quotation / Proposal
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16
Specific Price Method (Cost Price Method)
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17
VED Analysis (Vital, Essential, Desirable)
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18
Valuation of Material Issues — Choice of Method
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